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Source: SEBI
Fresh-issue proceeds only — the offer-for-sale portion goes to selling shareholders.
| Purpose | Amount | Pages |
|---|---|---|
| Modernization of manufacturing facilities | ₹ 138.44 million | — |
| Upgradation of the Dhule Manufacturing Facility | ₹ 347.96 million | — |
| Working capital requirements | ₹ 1,250.00 million | — |
| Proposed Packaging Unit at Dhule Manufacturing Facility | ₹ 592.06 million | — |
| Modernization of the Gangakhed Manufacturing Facility | ₹ 194.25 million | — |
The proceeds from the Fresh Issue will be used for the modernization of manufacturing facilities, capital expenditures, working capital, and general corporate purposes. The company plans to utilize ₹3,700.00 million through a Fresh Issue and an Offer for Sale.